EUR/USD
Fresh gains off yesterday’s low at 1.4383 remain capped at 1.4465 for now, with near-term price action entrenched within narrow range. Holding above 1.4400 zone would keep hopes of fresh gains alive, however, clearance of initial barrier at 1.4465 is required to confirm and expose 1.4490/1.4532 next, while break below 1.4483 would risk test of channel support at 1.4357 instead.
Res: 1.4465, 1.4490, 1.4532, 1.4550
Sup: 1.4416, 1.4383, 1.4350, 1.4328
Fresh gains off yesterday’s low at 1.4383 remain capped at 1.4465 for now, with near-term price action entrenched within narrow range. Holding above 1.4400 zone would keep hopes of fresh gains alive, however, clearance of initial barrier at 1.4465 is required to confirm and expose 1.4490/1.4532 next, while break below 1.4483 would risk test of channel support at 1.4357 instead.
Res: 1.4465, 1.4490, 1.4532, 1.4550
Sup: 1.4416, 1.4383, 1.4350, 1.4328
GBP/USD
Yesterday’s renewed attempt below main bull trendline, drawn off 1.5779 low and daily 90 day MA, keeps the short-term focus at the downside, as temporary support was found at 1.6254. Recovery attempt remains capped by trendline and 20 day MA on 4-hour chart, currently at 1.6345. Loss of 1.6254 to turn focus to key near-term support at 1.6207, 26 Aug low, also near Fib 61.8% retracement of 1.5779/1.6617 ascend.
Res: 1.6338, 1.6370, 1.6394, 1.6418
Yesterday’s renewed attempt below main bull trendline, drawn off 1.5779 low and daily 90 day MA, keeps the short-term focus at the downside, as temporary support was found at 1.6254. Recovery attempt remains capped by trendline and 20 day MA on 4-hour chart, currently at 1.6345. Loss of 1.6254 to turn focus to key near-term support at 1.6207, 26 Aug low, also near Fib 61.8% retracement of 1.5779/1.6617 ascend.
Res: 1.6338, 1.6370, 1.6394, 1.6418
Sup: 1.6255, 1.6222, 1.6207, 1.6165
USD/JPY
Remains in sideways trading mode, with near-term negative tone dominating as long as 77.00 zone caps the upside. Overnight’s extension towards 76.45 range floor, and MA’s above the price, keep the downside favored for now. However, break below 76.00 is required to trigger fresh phase lower, while upside clearance of range ceiling at 77.00/26 improves.
Res: 76.75, 76.88, 76.97, 77.06
Sup: 76.44, 76.30, 76.00, 75.93
Remains in sideways trading mode, with near-term negative tone dominating as long as 77.00 zone caps the upside. Overnight’s extension towards 76.45 range floor, and MA’s above the price, keep the downside favored for now. However, break below 76.00 is required to trigger fresh phase lower, while upside clearance of range ceiling at 77.00/26 improves.
Res: 76.75, 76.88, 76.97, 77.06
Sup: 76.44, 76.30, 76.00, 75.93
USD/CHF
Corrects the latest rally that peaked at 0.8239 on 29 Aug, as the pair broke below initial support at 0.8120, extending losses to the levels below 0.8000. This weakens the near-term tone and opens way for possible further retracement of 0.7067/0.8239 ascend, however, wider picture bull-trend off 0.7067 remains in play while 0.7790, Fib 38.2% stays intact.
Res: 0.8055, 0.8073, 0.8120, 0.8150
Sup: 0.7992, 0.7959, 0.7926, 0.7890
Corrects the latest rally that peaked at 0.8239 on 29 Aug, as the pair broke below initial support at 0.8120, extending losses to the levels below 0.8000. This weakens the near-term tone and opens way for possible further retracement of 0.7067/0.8239 ascend, however, wider picture bull-trend off 0.7067 remains in play while 0.7790, Fib 38.2% stays intact.
Res: 0.8055, 0.8073, 0.8120, 0.8150
Sup: 0.7992, 0.7959, 0.7926, 0.7890
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